MIAMI—Just how hot is Lincoln Road retail? Well, here’s one way to look at it: Stephen Bittel, chairman of Terranova Corp, is working on vertical expansion of properties on Lincoln Road to meet pent up demand.

Lincoln Road is the premier retail street in the Southeast US, and demand for space is virtually popping the ceiling off the top of these historic structures, literally,” says Bittel. Terranova is working to redevelop its buildings into multi-story structures that will make room for anchor stores and activate streets next to Lincoln Road with new retail activity.

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